Ethereum

Cash

Green

Tornado Cash

Tornado

<ul>
 <li>Ethereum plunges 12% as ETFs rebound and whales split directions.</li>
 <li>Institutional inflows rise while major holders clash over market strategy.</li>
 <li>Tornado Cash movements and OKX deposits stir fresh investor tension.</li>
</ul>
Ethereum tumbled sharply this week, plunging more than 12% to briefly touch $3,245 before stabilizing around $3,300. The downturn came just as U.S. spot Ethereum ETFs flipped positive again after six days of withdrawals. 
<a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="noopener noreferrer nofollow">According to market data</a>, the funds recorded a $12.5 million net inflow on November 6, a sign that institutional investors are not backing away from the asset despite its sharp price fall. 
BlackRock’s ETHA fund led the <a href="https://36crypto.com/bitcoin-etfs-roar-back-240m-inflows-end-6-day-slump-as-investors-pile-in-again/" target="_blank" rel="noopener noreferrer nofollow">rebound</a> with the largest inflow, followed closely by Fidelity’s FETH. In contrast, Grayscale’s ETHE continued to see outflows, reflecting uneven investor sentiment across issuers. 
Collectively, Ethereum ETF holdings have now reached $21.75 billion, representing about 5.45 percent of the cryptocurrency’s total market value. This suggests that professional interest remains steady even amid a turbulent week for prices. 
Also Read: <a href="https://36crypto.com/pundit-gives-important-warning-to-xrp-holders-ahead-of-etf-launch/" target="_blank" rel="noopener noreferrer nofollow">Pundit Gives Important Warning to XRP Holders Ahead of ETF Launch</a> 
<h2 id="strong-whales-send-mixed-signals-as-accumulation-and-selling-clash-strong">Whales Send Mixed Signals as Accumulation and Selling Clash</h2>
Large holders are moving in different directions, making Ethereum’s outlook increasingly uncertain. The well-known “7 Siblings” accumulation cluster added 1,601 ETH worth roughly $5.25 million during the latest dip. 
Since October 11, the group has purchased around 45,800 ETH valued at about $163 million, with an average buy price of $3,561. Given current market levels, those wallets are now holding an unrealized loss of about $9.5 million. 
However, not all whales are buying, as <a href="https://x.com/lookonchain/status/1986639232866394568" target="_blank" rel="noopener noreferrer nofollow">Lookonchain data revealed</a> that three newly activated wallets withdrew 4,920 ETH from Tornado Cash and sold their holdings near $3,302. The opposing moves show that confidence among large players remains split between short-term exits and long-term positioning. 
<div class="embed-twitter">
 <blockquote class="twitter-tweet">
 Three new wallets just withdrew 4,920 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($16.25M) from <a href="https://t.co/11PfRBP2j2" rel="noopener noreferrer nofollow">https://t.co/11PfRBP2j2</a> and sold at around $3,302. 
 Is this Richard Heart (<a href="https://twitter.com/RichardHeartWin?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@RichardHeartWin</a>, founder of HEX, PulseChain, and PulseX) selling — or hackers? 
 For context, Richard Heart bought 162,937 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($619M) at $3,800 in… <a href="https://t.co/kNdLLRofwy" rel="noopener noreferrer nofollow">pic.twitter.com/kNdLLRofwy</a> 
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1986639232866394568?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 7, 2025</a> 
 </blockquote>
 
</div>
Adding more intrigue, Richard Heart, founder of HEX and PulseChain, moved his massive stash of 162,937 ETH—worth approximately $619 million—into Tornado Cash just two days ago. Meanwhile, a wallet linked to <a href="https://36crypto.com/sharplink-gaming-expands-ethereum-treasury-amid-market-volatility/" target="_blank" rel="noopener noreferrer nofollow">SharpLink Gaming</a> transferred over 4,364 ETH to OKX after redeeming it elsewhere, signaling active reshuffling among whales and institutions alike. 
<h2 id="strong-ethereum-s-path-ahead-remains-clouded-strong">Ethereum’s Path Ahead Remains Clouded</h2>
Despite the week’s volatility, institutional inflows offer a glimmer of stability. Yet, with whales divided between accumulation and selling, Ethereum’s next move remains unpredictable. The combination of renewed ETF demand and shifting on-chain activity underscores a market still torn between conviction and caution. 
Also Read: <a href="https://36crypto.com/bitcoin-etfs-roar-back-240m-inflows-end-6-day-slump-as-investors-pile-in-again/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETFs Roar Back: $240M Inflows End 6-Day Slump as Investors Pile In Again</a> 
The post <a rel="noopener noreferrer nofollow" href="https://36crypto.com/ethereum-crashes-12-as-etfs-turn-green-and-whales-make-bold-conflicting-moves/">Ethereum Crashes 12% as ETFs Turn Green and Whales Make Bold, Conflicting Moves</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://36crypto.com">36Crypto</a>.

Ethereum Crashes 12% as ETFs Turn Green and Whales Make Bold, Conflicting Moves

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